Anglo Asian Mining Share Discussion Threads

[brasso3] 16/9/2015 11:02

JBravo

Q1 - Q3 production in 2014 was 43,232oz. September production last year was 6,000oz so up until the end of August they kicked out around 37,300oz. A 30% increase would mean we produced 48,490oz by end of August 2015.

2015 H1 production was 36,000oz so July and August have therefore contributed 12,490oz. July production was reported by ABC news as 6700oz so August should be around 5790oz.

Hmmmm we are close.

[jbravo2] 16/9/2015 10:50

Productions jan-aug 2014 = 1161.8kg x 1.3 = 1510kg
Minus jan-jul 2015 prod of 1325.3kg
August prod of 184.7kg x 32.15 = 5960 oz


But all subject to a big "IF" amd rounding :D

[brasso3] 16/9/2015 10:18

Can you give a breakdown your number JBravo?

[jbravo2] 16/9/2015 09:51

An article like that would typically be Jan-Aug.
So if that is the case...
Allowing for rounding that makes August likely to be c.5960oz.
Solid but unspectacular. A little disappointing really.

[brasso3] 16/9/2015 09:06

I can only see the headline (Azerbaijan Sees a 30% Rise in Gold Production)! I guess it will be comparing to August last year or maybe Jan - August.

[brasso3] 15/9/2015 16:20

Hopefully too much gold to count in time for the 15th!

[jbe81] 15/9/2015 16:17

Captain, monthly state released production figures are released around the 15th, link hxxp://abc.az/eng/news .
Not out yet.

[bsg] 15/9/2015 09:36

Shame no one seems to want commodities any more.

[captain_crash_and_burn] 15/9/2015 09:33

Brasso, I thought we got quarterly production updates share price next one would be in mid October?

[jbravo2] 15/9/2015 09:31

Interestimg article Matt thanks.
Undoubtedly you're right if the flotation performs as expected. It's been configured so it can fit into the process at any point... Because of the variances in the ore.
Time will tell but if the money flows as expected then we'll be debt free in no time

[mattjos] 15/9/2015 00:08

I think this article really goes to the nub of the challenge at Gedabek:



An Azeri Example; Dr. John Monhemius

27 different ore types at Gedabek!

The conference was back in June 2014. It was not long after that they announced plans to build the flotation plant coupled with the reserves upgrade.
subsequent to that the flotation plant capacity was upgraded (90tph) to match the throughput of the Agitation leach plant.

The look to have nailed down a process to identify the differing ore types they encounter in the mine (based on cyanide solubility) and will shortly have the necessary plant to cost-effectively maximise extraction of the Au, Cu & Ag.
I'd suggest it is currently virtually impossible for any broker analysts to be able to financially model how this will change the financial results for the company. If it works as planned, namely increasing the recovery rates of the Gold (whist reducing the cyanide costs) coupled with significantly increasing the Cu recovery then, the company could be paying back its debt much, much quicker than many believe possible. Higher grade ore contribution from Gadir and Gosha will sweeten the results even further .. and the Manat devaluation could effectively result in the FY operational cost savings funding the flotation plant, when examined retrospectively.

One senses the company finances are close to a major turning point in the coming 3 months ... IF, the practice matches the theory.

[mattjos] 14/9/2015 22:47

incredible view on Google Maps:

[brasso3] 14/9/2015 21:38

Surprised we didn't get the production update today. Tomorrow maybe...

[mattjos] 14/9/2015 21:31

August temperatures in Gadabay look to have trended comfortably above the average for most of August and first 2 weeks of September which should have been good for HL performance and no reason for weather to have impacted construction activities on the AL

[brasso3] 11/9/2015 19:23

Sure does. So AAZ have mined about 200,000 of those 65,000,000 oz to date. About 0.3% of the countries estimated potential reserves.

[mattjos] 11/9/2015 19:14

suggests we merely scratching the surface, doesn't it Brasso.
One of these days they are going to prove up the resources rather closer to the figures in the IPO docs

[brasso3] 11/9/2015 19:02

2000 tonnes = 65,000,000 troy ounces

[brasso3] 11/9/2015 19:00

Not sure if this was already posted as it is one week old now.

"The country began to develop its gold mines only recently and is operating quite modest volumes of output so far. However, the main positive trend is linked with the increased pace of output. Azerbaijan has increased its gold production in 2014 and also sped up the exploration of new deposits. The aggregate potential of all fields available in Azerbaijan is estimated at about 1,500-2,000 tons of pure gold."

[mattjos] 09/9/2015 20:45

Sorry, here is link to which I refer:http://www.zerohedge.com/news/2015-09-09/something-just-snapped-comex

[mattjos] 09/9/2015 20:45

Interesting event .. Ad yet, little analysis and conclusions that I can find but, unless I have misunderstood this, it suggests that the amount of physical gold available for delivery to the 'owner' just hit an all time record low or, put another way, paper gold claims just got even more out of kilter with what is available.It may be a reporting glitch but, there seems to be a consistent trend. Is market volatility persuading increasing numbers of folk to take delivery of physical & at same time other folk are increasing their paper bets on Gold?Surely some sort off schism is inevitable if this persists?I'm not sure anyone knows what happens if physical gold simply dries up completely.Russia, China and their respective satellite nations have not stopped accumulating gold since this whole mess started in 2007/8 .. China now reporting monthly its gold holdings and upped them again in August. This monthly reporting is a message, imo

[mattjos] 09/9/2015 12:37

Yes, August figures should surface somewhere in the AZ press next week.
Interim results the week after.

The company constructing, installing, commissioning and initially operating the new Flotation Plant (YPT - Yilmaz Proses Teknolojileri) is a Turkish company.

I see that Turkey has National Holidays for Kurban Bayrami from 23rd - 26th September this year & Azerbaijan celebrates the same event 24th & 25th September so, if I was the project manager for the new plant, this would have been in the project plan as an end date for the project ie. to have it up & running by then else there potentially the added cost/inconvenience of staff having to back to Turkey and then return to Az.

Q3 comes to an end this month so the planned and anticipated newsflow looks to be being condensed into a relatively short period within the next 3 weeks.

Since cash is tight, I'd be persuaded to get all the relevant information out within the Results RNS and save a few £ so, I'm guessing about 2 weeks to wait

[brasso3] 08/9/2015 08:04

Last week in September I think.

Production update for August via the Azer news websites next monday also.

[cordwainer] 07/9/2015 18:30

interims due 2 weeks from today?

[brasso3] 03/9/2015 18:09

Matt

Good post. I do not think a big investor like Basherov would tell Cantor to sell at any price though. He would have given them a limit and I think we are probably below that threshold. The valuation at present is ridiculous. As someone said the other day you will either lose everything or 5 bag from here. Nice odds and worth a punt (I see it as an investment).